This property looks like a bad Airbnb investment with a projected -10.76% first-year return on $93,306 initial cash invested.
-10.76%
Cash On Cash
3.72%
Cap Rate
0.6
DSCR
$2,684
Rent
-$837
Cashflow
Cash Flow
$2,684 income − $3,521 expenses = $837 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,306
Downpayment
20%
$71,720
Closing costs
1%
$3,586
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,684
Total Expenses
$3,521
Mortgage P&I
69%
$1,841
Property Taxes
10%
$264
Home Insurance
5%
$128
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$671